| SEGMENT DATA |
SEGMENT DATA The Company’s reportable segments, which it believes best reflect how the Company is currently managed, are iHM, Americas outdoor advertising and International outdoor advertising. Revenue and expenses earned and charged between segments are recorded at estimated fair value and eliminated in consolidation. The iHM segment provides media and entertainment services via broadcast and digital delivery and also includes the Company’s events and national syndication businesses. The Americas outdoor advertising segment consists of operations primarily in the United States, Canada and Latin America. The International outdoor advertising segment primarily includes operations in Europe, Asia and Australia. The Other category includes the Company’s media representation business as well as other general support services and initiatives that are ancillary to the Company’s other businesses. Corporate includes infrastructure and support, including information technology, human resources, legal, finance and administrative functions for each of the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based payments are recorded in corporate expense. During the first quarter of 2016, the Company revised its segment reporting as discussed in Note 1. The following table presents the Company's reportable segment results for the three and nine months ended September 30, 2016 and 2015: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | iHM | | Americas Outdoor | | International Outdoor | | Other | | Corporate and other reconciling items | | Eliminations | | Consolidated | Three Months Ended September 30, 2016 | Revenue | $ | 857,099 |
| | $ | 322,997 |
| | $ | 350,060 |
| | $ | 41,414 |
| | $ | — |
| | $ | (1,152 | ) | | $ | 1,570,418 |
| Direct operating expenses | 229,668 |
| | 142,989 |
| | 223,097 |
| | (178 | ) | | — |
| | — |
| | 595,576 |
| Selling, general and administrative expenses | 268,612 |
| | 54,500 |
| | 71,664 |
| | 27,466 |
| | — |
| | (542 | ) | | 421,700 |
| Corporate expenses | — |
| | — |
| | — |
| | — |
| | 87,389 |
| | (610 | ) | | 86,779 |
| Depreciation and amortization | 60,691 |
| | 47,242 |
| | 37,018 |
| | 4,483 |
| | 9,019 |
| | — |
| | 158,453 |
| Impairment charges | — |
| | — |
| | — |
| | — |
| | 8,000 |
| | — |
| | 8,000 |
| Other operating expense, net | — |
| | — |
| | — |
| | — |
| | (505 | ) | | — |
| | (505 | ) | Operating income (loss) | $ | 298,128 |
| | $ | 78,266 |
| | $ | 18,281 |
| | $ | 9,643 |
| | $ | (104,913 | ) | | $ | — |
| | $ | 299,405 |
| Intersegment revenues | $ | — |
| | $ | 1,152 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 1,152 |
| Capital expenditures | $ | 23,238 |
| | $ | 19,114 |
| | $ | 30,803 |
| | $ | 582 |
| | $ | 3,596 |
| | $ | — |
| | $ | 77,333 |
| Share-based compensation expense | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 3,431 |
| | $ | — |
| | $ | 3,431 |
| | | | | | | | | | | | | | | Three Months Ended September 30, 2015 | Revenue | $ | 846,865 |
| | $ | 347,336 |
| | $ | 348,941 |
| | $ | 36,719 |
| | $ | — |
| | $ | (347 | ) | | $ | 1,579,514 |
| Direct operating expenses | 253,848 |
| | 149,072 |
| | 223,644 |
| | 586 |
| | — |
| | — |
| | 627,150 |
| Selling, general and administrative expenses | 272,065 |
| | 59,539 |
| | 73,020 |
| | 25,149 |
| | — |
| | (347 | ) | | 429,426 |
| Corporate expenses | — |
| | — |
| | — |
| | — |
| | 74,775 |
| | — |
| | 74,775 |
| Depreciation and amortization | 59,402 |
| | 50,121 |
| | 41,564 |
| | 4,370 |
| | 10,863 |
| | — |
| | 166,320 |
| Impairment charges | — |
| | — |
| | — |
| | — |
| | 21,631 |
| | — |
| | 21,631 |
| Other operating income, net | — |
| | — |
| | — |
| | — |
| | 6,914 |
| | — |
| | 6,914 |
| Operating income (loss) | $ | 261,550 |
| | $ | 88,604 |
| | $ | 10,713 |
| | $ | 6,614 |
| | $ | (100,355 | ) | | $ | — |
| | $ | 267,126 |
| Intersegment revenues | $ | — |
| | $ | 347 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 347 |
| Capital expenditures | $ | 14,426 |
| | $ | 18,557 |
| | $ | 28,665 |
| | $ | 551 |
| | $ | 5,416 |
| | $ | — |
| | $ | 67,615 |
| Share-based compensation expense | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 2,991 |
| | $ | — |
| | $ | 2,991 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | iHM | | Americas Outdoor | | International Outdoor | | Other | | Corporate and other reconciling items | | Eliminations | | Consolidated | Nine Months Ended September 30, 2016 | Revenue | $ | 2,463,899 |
| | $ | 931,058 |
| | $ | 1,044,866 |
| | $ | 114,663 |
| | $ | — |
| | $ | (2,031 | ) | | $ | 4,552,455 |
| Direct operating expenses | 704,097 |
| | 421,039 |
| | 654,802 |
| | 1,255 |
| | — |
| | — |
| | 1,781,193 |
| Selling, general and administrative expenses | 812,344 |
| | 167,660 |
| | 220,872 |
| | 82,394 |
| | — |
| | (1,421 | ) | | 1,281,849 |
| Corporate expenses | — |
| | — |
| | — |
| | — |
| | 252,918 |
| | (610 | ) | | 252,308 |
| Depreciation and amortization | 182,506 |
| | 140,883 |
| | 113,075 |
| | 12,809 |
| | 26,780 |
| | — |
| | 476,053 |
| Impairment charges | — |
| | — |
| | — |
| | — |
| | 8,000 |
| | — |
| | 8,000 |
| Other operating income, net | — |
| | — |
| | — |
| | — |
| | 219,768 |
| | — |
| | 219,768 |
| Operating income (loss) | $ | 764,952 |
| | $ | 201,476 |
| | $ | 56,117 |
| | $ | 18,205 |
| | $ | (67,930 | ) | | $ | — |
| | $ | 972,820 |
| Intersegment revenues | $ | — |
| | $ | 2,031 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 2,031 |
| Capital expenditures | $ | 46,303 |
| | $ | 47,808 |
| | $ | 97,487 |
| | $ | 1,758 |
| | $ | 7,682 |
| | $ | — |
| | $ | 201,038 |
| Share-based compensation expense | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 10,310 |
| | $ | — |
| | $ | 10,310 |
| | | | | | | | | | | | | | | Nine Months Ended September 30, 2015 | Revenue | $ | 2,385,367 |
| | $ | 984,485 |
| | $ | 1,049,654 |
| | $ | 106,941 |
| | $ | — |
| | $ | (2,510 | ) | | $ | 4,523,937 |
| Direct operating expenses | 709,503 |
| | 445,018 |
| | 663,011 |
| | 2,473 |
| | — |
| | — |
| | 1,820,005 |
| Selling, general and administrative expenses | 799,370 |
| | 172,522 |
| | 219,689 |
| | 81,798 |
| | — |
| | (2,510 | ) | | 1,270,869 |
| Corporate expenses | — |
| | — |
| | — |
| | — |
| | 232,492 |
| | — |
| | 232,492 |
| Depreciation and amortization | 179,703 |
| | 151,574 |
| | 124,961 |
| | 16,842 |
| | 32,087 |
| | — |
| | 505,167 |
| Impairment charges | — |
| | — |
| | — |
| | — |
| | 21,631 |
| | — |
| | 21,631 |
| Other operating income, net | — |
| | — |
| | — |
| | — |
| | 98,694 |
| | — |
| | 98,694 |
| Operating income (loss) | $ | 696,791 |
| | $ | 215,371 |
| | $ | 41,993 |
| | $ | 5,828 |
| | $ | (187,516 | ) | | $ | — |
| | $ | 772,467 |
| Intersegment revenues | $ | — |
| | $ | 2,510 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 2,510 |
| Capital expenditures | $ | 44,106 |
| | $ | 50,916 |
| | $ | 85,522 |
| | $ | 1,346 |
| | $ | 10,602 |
| | $ | — |
| | $ | 192,492 |
| Share-based compensation expense | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 7,918 |
| | $ | — |
| | $ | 7,918 |
|
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